partnership | Connolly Steele

ConnollySteele

May 23, 20222 min read

Partners may have to report more income on tax returns than they receive in cash

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more...

ConnollySteele

Apr 18, 20222 min read

Tax considerations when adding a new partner at your business

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit...

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